A Committee Created to Investigate a Major Problem or Pending

question 153

Multiple Choice

A committee created to investigate a major problem or pending decision is called a(n)

• A) ad hoc committee.
• B) standing committee.
• C) task force.
• D) work team.
• E) venture committee.

Understand the concept and application of PERT (Program Evaluation and Review Technique) and CPM (Critical Path Method) in project management.

Calculate the estimated time and variance for projects using PERT analysis.

Understand the concept of the critical path in project management, including how to identify and analyze it.

Calculate and interpret the probability of project completion times using PERT analysis.

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Definitions:

Equity Method

An accounting technique used for recording investments in which the investor has significant influence over the investee, but not full control.

Straight Line Amortization

A method of allocation of an asset's cost over its useful life in equal annual amounts.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Non-Controlling Interest

A stake in a company that is not large enough to control company decisions, representing ownership by minority shareholders in a subsidiary not wholly owned by the parent.